GOLDILOCKS
"Since June, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued seven general licences authorising certain business activities or transactions with Venezuela, including those relating to the export of liquefied petroleum gas (General License 40B), gas sector operations (General License 44), the state-run mining company Minerven (General License 43) and the state-run airline Conviasa (General License 45A)."
This releasing of sanctions is creating opportunities for traders on the market that once was prohibited.
The country's control of the largest crude oil Market makes this country's Energy and Marine sector of the markets very appealing.
This will create new demands on the Venezuela Bolivar as this year progresses.
These demands will create opportunities for people in the Forex Market to capitalize on price pressures pushing new volumes and new values going forward.
© Goldilocks
https://www.clydeco.com/en/insights/2024/01/easing-of-sanctions-against-venezuela-boosts-marin